Shares of Jet Airways continued to fall for the third straight session Wednesday, dropping nearly 7 per cent, after four senior executives, including chief executive Vinay Dube and his deputy Amit Agarwal, quit the ailing airline.
After a weak opening, the scrip further tumbled 6.85 per cent to Rs 120.25 — its 52-week low — on the BSE.
On the NSE, shares slumped 6.90 per cent to Rs 120.
In top-level exodus at grounded Jet Airways, four senior executives have quit the ailing airline.
Amid lenders scrambling to find a suitor, the cash-starved carrier on Tuesday announced the exit of three executives — Dube, Agarwal and Company Secretary Kuldeep Sharma– while a source said the carrier’s Chief People Officer Rahul Taneja has also put in his papers.
Shares of Jet Airways had on Tuesday plunged over 7 per cent and had plummeted over 8 per cent Monday.
Jet Airways stopped flying from April 17 after it ran out of cash.